Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)

Schedule 2   EMPLOYEE SHARE SCHEMES

Part 3   SUPERANNUATION ENTITIES (TAXATION) ACT 1987

10   After section 20

Insert:

Transitional-altered definition of eligible termination payment

"21. Part IIIA, including that Part as applying because of section 6 of the Taxation Laws Amendment (Superannuation) Act 1992, applies

in relation to payments received after 24 December 1991 as if the

definition of eligible termination payment in section 27A of the Tax

Act did not cover amounts that, disregarding that definition, would be

included in a taxpayer's assessable income under section 26AAC or

Division 13A of Part III of the Tax Act.".